and crude imports are combining to exceed demand for crude from refineries that have been constrained by seasonal refinerymaintenance .” Gasoline inventories down Total motor gasoline inventories decreased 1.3 million bbl for the week ended Oct

are also affecting crude demand, as substantial refinerymaintenance in the US, Europe, and Asia takes place in September ..... could be altered by many factors. “Seasonal refinerymaintenance should be completed before the end of the year

gasoline prices could be nearing its end. Gasoline prices have been driven by reduced inventories during seasonal refinerymaintenance . The EIA inventory report for the week ended Apr. 18 showed a smaller-than-expected reduction in gasoline inventories

showed a decline in the oil inventory. Analysts had forecast an increase in oil supplies, saying that seasonal refinerymaintenance continues to reduce demand. But the US Energy Information Administration said crude oil inventories, excluding

Texas Intermediate crude oil fell by $14.81/bbl, partly driven by lower demand for crude oil due to seasonal refinerymaintenance . EIA’s November 2013 STEO forecasts Brent and WTI prices to decline further to $105/bbl and less than

for demand growth developing, which will keep the call on crude elevated.” They noted, “A combination of refinerymaintenance , weak margins capping utilization rates, as well as improved supply availability in the Atlantic basin, has

softening US Gulf Coast balances," Barclays analyst Miswin Mahesh said in a research note. He noted gulf coast refinerymaintenance will likely peak in early March, and refiners already have started to slow processing runs in anticipation of that. In addition

Factors for softness in crude markets include record-high net speculative length, tepid demand growth due to refinerymaintenance in September and October, incremental supplies from US shale oil, better Canadian supply, and even the possibility